TeamLease Q4 Review - Near-Term Impact To Be Manageable: Motilal Oswal
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Motilal Oswal Report
TeamLease Services Ltd. delivered an in-line performance in Q4 FY21, with total revenue increasing 5% QoQ.
Revenue growth was led by the general staffing business (up 5.5% QoQ) - general staffing and National Employability Through Apprenticeship Programme trainee headcount increased by 16,000 (up 8% QoQ).
Margin in Q4 FY21 were stable, despite an impressive improvement in full time equivalent productivity (352 versus 334 in Q2), led by continued customer discounts.
It reported an adjusted profit after tax of Rs 268 million, implying a profit after tax margin (in line) of 2%.
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